3 Retail Penny Stocks to Watch as Covid Cases Decline Rapidly in the U.S.
Penny stock investors anxiously await the rebound of the U.S. economy. In the coming months, there is expected to be large volatility with most penny stocks to watch. But, many are wondering which ones will come out on top.
During unusual times, such as this one, many prefer short-term trading in penny stocks. This is because there are massive price fluctuations mostly caused by social media promoted news. So, with so much news regarding penny stocks out there, how can investors choose the right one?
Well, first, it’s important to trade based on what you know. If you’re hearing about a high-performing stock, odds are it probably already is headed towards a correction. Trust yourself when it comes to looking at penny stocks to buy. Next, consider which stocks will perform in the future. Much of price movement is driven by investor speculation, so if a company is expected to perform in the following quarters it may be worth considering.
When considering what to add to your watchlist for the coming months, look no further than retail penny stocks. As consumers, we all have basic needs met by our local shops. Many retail companies have had to take out massive loans in order to stay afloat during the pandemic and are now looking to make a comeback.
Instead of buying everything online, lessened restrictions will encourage many to go out for in-person shopping. The retail market includes goods such as electronics, apparel, toys, groceries, pharmaceuticals, and much much more.
It may seem like an unpredictable time to invest, but with proper planning and education, buying and selling penny stocks in 2021 can be a lucrative investment. Creating a watchlist and strategy for entry and exit points is crucial to trading in volatile markets.
Taking this all into consideration, as we move further into the month of May and towards the end of the pandemic, it’s important to generate a watchlist. Here are three retail penny stocks that you must keep an eye on.
3 Retail Penny Stocks That Could Have Huge Potential
1. Muscle Maker Inc. (NASDAQ: GRIL)
Known for its “healthier for you” meals, Muscle Maker has been heavily investing in itself for the coming reopening economy. GRIL is the parent company of food companies specializing in the sale of healthy meals. It currently owns Muscle Maker Grill and SuperFit Foods, both known for healthy and tasty food alternatives.
As of today, GRIL announced its acquisition of Pokemoto, a chain of restaurants that serve a healthier modern twist on the…